HAV Group ASAOSL:HAV 63 Interest Coverage is 0.65 as of Mar. 2026, which is 92% below its 10-year median of 7.74. GuruFocus rates OSL:HAV with a GF Score™ of 63/100 and a GF Value™ of kr12.47 (Fairly Valued). The stock has 4 warning signs investors should review. Among 838 Transportation companies, HAV Group ASA ranks worse than 96.9% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. HAV Group ASA's
Operating Income
for the
three
months ended in Mar. 2026 was kr6.0 Mil. HAV Group ASA's Interest Expense for the
three
months ended in Mar. 2026 was kr-9.1 Mil.
HAV Group ASA's interest coverage for the quarter that ended in Mar. 2026 was 0.65.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for HAV Group ASA's Interest Coverage or its related term are showing as below:
OSL:HAV'
s Interest Coverage Range Over the Past 10 Years
Min: 0.4 Med: 7.74 Max: 28.12
Current: 0.4
OSL:HAV's Interest Coverage is ranked worse than 96.9% of 838
companies
in the Transportation industry
Industry Median: 5.67
vs OSL:HAV: 0.40
HAV Group ASA (OSL:HAV) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
HAV Group ASA Interest Coverage Related Terms
HAV Group ASA Interest Coverage Historical Data
* Premium members only.
The historical data trend for HAV Group ASA's Interest Coverage can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
HAV Group ASA Interest Coverage Competitor Comparison
For the Marine Shipping subindustry, HAV Group ASA's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
HAV Group ASA Interest Coverage vs Transportation Industry
For the Transportation industry and Industrials sector, HAV Group ASA's Interest Coverage distribution charts can be found below:
* The bar in red indicates where HAV Group ASA's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HAV Group ASA (OSL:HAV) has a Interest Coverage of 0.65 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on HAV Group ASA and its competitors. This is 92% below median its historical median of 7.74. Over the past decade, HAV Group ASA's Interest Coverage has ranged from 0.40 to 28.12. According to the industry distribution chart, HAV Group ASA ranks #812 out of 838 companies in the Transportation industry, placing it in the top 96.9%.
Is HAV Group ASA's Interest Coverage too high?
HAV Group ASA's current Interest Coverage of 0.65 is 92% below median its 10-year median of 7.74. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 28.12. The Transportation industry median Interest Coverage is 5.67. HAV Group ASA's value of 0.65 is 88.5% below this industry median. Based on the distribution chart, HAV Group ASA ranks #812 out of 838 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, HAV Group ASA has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HAV Group ASA's Interest Coverage compare to competitors?
According to the Transportation industry distribution chart, HAV Group ASA ranks #812 out of 838 companies for Interest Coverage. This places HAV Group ASA in the lower half of its industry. The industry median Interest Coverage is 5.67. HAV Group ASA's value of 0.65 is 88.5% below this benchmark. Historically, HAV Group ASA's own Interest Coverage has ranged from 0.40 to 28.12 over the past decade. While the company's 10-year median is 7.74 vs. the industry median of 5.67, HAV Group ASA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Transportation company?
The median Interest Coverage among Transportation companies is 5.67, based on 838 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HAV Group ASA's current Interest Coverage of 0.65 is 88.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on HAV Group ASA and its competitors. For the Transportation industry, the median Interest Coverage is 5.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HAV Group ASA's current Interest Coverage is 0.65, which is 92% below median its own 10-year median of 7.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAV Group ASA stock overvalued right now?
Based on GuruFocus' analysis, HAV Group ASA (OSL:HAV) is currently considered Fairly Valued. The stock's GF Value™ is kr12.47, compared to a current price of kr13.50 — trading 8.3% above its estimated fair value. The current Interest Coverage is 0.65, which is 92% below median its 10-year median of 7.74 and 88.5% below the Transportation industry median of 5.67. HAV Group ASA's overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For HAV Group ASA (OSL:HAV), the current Interest Coverage is 0.65 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is HAV Group ASA (OSL:HAV) Overvalued in 2026?
Based on GuruFocus' analysis, HAV Group ASA stock appears to be overvalued.
The current stock price of kr13.50 is trading 8.3% above its estimated GF Value™ of kr12.47.
GuruFocus considers HAV Group ASA to be Fairly Valued.
Key valuation signals for OSL:HAV:
Interest Coverage: 0.65 (92% below median its 10-year median of 7.74)
GF Value™: kr12.47 vs. price of kr13.50 (8.3% above fair value)
Industry Position: 88.5% below the Transportation median (#812 of 838)
No single metric tells the full story. See the OSL:HAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HAV Group ASA is a provider of solutions and technology to the marine and maritime industries. The group's vision is to contribute to the green shift through solutions and high-end products for the ocean industries. The Group's main activities are: HAV Design, i.e., providing ship design and system packages for offshore, transport, and fishing vessels; Norwegian Electric Systems, i.e., specializing in design, engineering, and installation of electric systems and delivery of control and automation systems for ships; Norwegian Greentech, i.e., specializing in the delivery of ballast water treatment systems. HAV Hydrogen, i.e., delivers complete and scalable hydrogen systems that are designed for operation in heavy seas. Other/Elimination includes intercompany and the mother company.
63GF Score
Get the complete analysis for OSL:HAV
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